HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.
HUD to shift headquarters; FHA lending update; VA launches improved help desk; FHA looks into BNPL; organizations sue HUD over Fair Housing Act grants.
Delinquencies on securitized non-qualified mortgages have increased but MBS investors have largely avoided losses to this point thanks to structural protections and improved underwriting.
In the luxury home space, 31% of repeat buyers are using cash, keeping all-cash purchases strong. Also, younger buyers who fit into the move-up buyer category are beginning to flood the luxury market.
Impairment rate on securitized non-QMs rises in May; Rocket offering bridge loans; architecture firm to acquire non-QM lender; Chimera unit aggregating HEIs for securitization.
Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.
Banking regulators proposed modifying the enhanced supplementary leverage ratio that applies to large banks. If implemented, it could lead to the banks to increase their holdings of Ginnie Mae MBS.
It’s the first auto loan ABS with loans aggregated from multiple credit unions. Alloya is a corporate credit union that provides services to more than 1,300 credit unions and other entities.
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